INTRA-DAY GBP/USD:

Last Update At 12 Jul 2009 22:40 GMT

Rate :  1.6190

Despite cable's weakness to 1.6155 in NY, subse
quent rebound suggests 'choppy' consolidation is in
store, however, reckon 1.6265/70 shud cap upside n
yield a re-test of said sup, break wud extend weak-
ness to 1.6125/35 but reckon 1.6100 wud hold.
Stand aside in the meantime n look to sell on
further recovery for day trade.
Range Forecast
1.6180 / 1.6220

Resistance/Support

R: 1.6269/1.6329/1.6381
S: 1.6155/1.6100/1.6074